Societe General reduces Holcim’s price target

Societe General reduces Holcim’s price target
Published: 10 September 2010

A "hold" rating by Societe Generale lowered today the share price target on Holcim to CHF70 from CHF80 and affirmed the "hold"
recommendation.

Societe Generalemeans that a company’s shares are expected to be
10% below or above the market average over the next 12 months. 

Analyst Mike Bridges said he downgraded the price target because of lower earnings forecasts and risks for cement prices in India.